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Rubidium Market by Production Process, Grade, Application Sector, and Region 2023-2028

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    Report

  • 143 Pages
  • January 2023
  • Region: Global
  • IMARC Group
  • ID: 5732498

Quick Summary:

A growing interest pervades the global rubidium market, driven by the unique qualities of this silvery-white, highly reactive metallic element and its subsequent application in an array of sectors. Rubidium, the second-most electropositive element, is no stranger to bright lights – it ignites when exposed to air due to humidity and burns with a mesmerizing purple-red flame. Used extensively as a getter in vacuum tubes, an ion engine for space vehicles, and a coating on electrodes of thermionic power converters, rubidium's applications are varied and indispensable in their respective domains.

The rise in global population catalyzes demand for consumer electronics, in turn favoring rubidium's market growth. Additionally, escalating demand for Rubidium in motion-sensor devices, night vision devices, solar panels, and photomultiplier tubes enriches its market potential. More so, the surge in solar energy consumption and the broad application of fiber optics telecommunications gives a positive outlook for the demand for specialty glasses incorporating rubidium. Furthermore, the utilization of rubidium in biomedical research is not only supporting but also expected to propel market growth.

The global rubidium market reached a volume of 2.7 Kilo Tons in 2022. Looking forward, the publisher expects the market to reach 3.3 Kilo Tons by 2028, exhibiting a CAGR of 3.4% during 2022-2028.

Rubidium (Rb) is a soft, silvery-white, and highly reactive lithophile metallic element of the alkali group. It is the second most electropositive element that reacts violently with ice and water and sets fire to the liberated hydrogen. It oxidizes when reacting with oxygen and quickly ignites when exposed to air due to humidity. It is used as an ion engine for space vehicles and in vacuum tubes as a getter that helps remove residual gases. It is also utilized as a coating on the electrodes of thermionic power converters to convert heat energy into electrical energy by driving electrons through a vacuum gap. Besides this, Rb finds extensive applications in making specialty glasses that are installed in night-vision devices and fiber optics telecommunications systems for electrical conductivity.

Rubidium Market Trends:

The increasing global population is catalyzing the demand for consumer electronic goods. This represents one of the key factors positively influencing the market. In addition, the rising adoption of Rb in manufacturing electrical-signal generators in motion-sensor devices, night vision devices, solar panels, and photomultiplier tubes, on account of its photo-emissive properties, is supporting the market growth. Apart from this, the growing use of fiber optics telecommunications due to its impressive high-speed connectivity, coupled with rising solar energy consumption in various countries, is driving the demand for specialty glasses. The increasing awareness among individuals about the use of renewable sources of energy to reduce carbon footprints is catalyzing the demand for solar panels across the globe. Additionally, governments of various countries are encouraging individuals to use solar energy, which is contributing to market growth. Moreover, the escalating demand for Rb in biomedical research is expected to propel market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global rubidium market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on production process, grade and application sector.

Breakup by Production Process:

  • Lepidolite
  • Pollucite
  • Others

Breakup by Grade:

  • Technical Grade Metal
  • High-purity Grade

Breakup by Application Sector:

  • Biomedical Research
  • Electronics
  • Specialty Glass
  • Pyrotechnics
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being American Elements, ESPI Metals Inc., Ganfeng Lithium Group, Inorganic Ventures Inc., Lanhit, Lepidico, Merck KGaA, Otto Chemie Pvt Ltd and Sinomine Resource Group Co. Ltd. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

  • How has the global rubidium market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global rubidium market?
  • What are the key regional markets?
  • What is the breakup of the market based on the production process?
  • What is the breakup of the market based on the grade?
  • What is the breakup of the market based on the application sector?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global rubidium market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Rubidium Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Production Process
6.1 Lepidolite
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Pollucite
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Grade
7.1 Technical Grade Metal
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 High-purity Grade
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Application Sector
8.1 Biomedical Research
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Electronics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Specialty Glass
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Pyrotechnics
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast

9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 American Elements
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 ESPI Metals Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Ganfeng Lithium Group
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Inorganic Ventures Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Lanhit
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Lepidico
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Merck KGaA
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Otto Chemie Pvt Ltd
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Sinomine Resource Group Co. Ltd
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report

List of Figures
Figure 1: Global: Rubidium Market: Major Drivers and Challenges
Figure 2: Global: Rubidium Market: Volume Trends (in Kilo Tons), 2017-2022
Figure 3: Global: Rubidium Market Forecast: Volume Trends (in Kilo Tons), 2023-2028
Figure 4: Global: Rubidium Market: Sales Value (in Million US$), 2017-2027
Figure 5: Global: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 6: Global: Rubidium Market: Breakup by Production Process (in %), 2022
Figure 7: Global: Rubidium Market: Breakup by Grade (in %), 2022
Figure 8: Global: Rubidium Market: Breakup by Application Sector (in %), 2022
Figure 9: Global: Rubidium Market: Breakup by Region (in %), 2022
Figure 10: Global: Rubidium (Lepidolite) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Rubidium (Lepidolite) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Rubidium (Pollucite) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Rubidium (Pollucite) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Rubidium (Other Production Processes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Rubidium (Other Production Processes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Rubidium (Technical Grade Metal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Rubidium (Technical Grade Metal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Rubidium (High-purity Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Rubidium (High-purity Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Rubidium (Biomedical Research) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Rubidium (Biomedical Research) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Rubidium (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Rubidium (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Rubidium (Specialty Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Rubidium (Specialty Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Rubidium (Pyrotechnics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Rubidium (Pyrotechnics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Rubidium (Other Applications Sectors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Rubidium (Other Applications Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Rubidium Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Rubidium Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Rubidium Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Rubidium Industry: SWOT Analysis
Figure 80: Global: Rubidium Industry: Value Chain Analysis
Figure 81: Global: Rubidium Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Rubidium Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Rubidium Market Forecast: Breakup by Production Process (in Million US$), 2023-2028
Table 3: Global: Rubidium Market Forecast: Breakup by Grade (in Million US$), 2023-2028
Table 4: Global: Rubidium Market Forecast: Breakup by Application Sector (in Million US$), 2023-2028
Table 5: Global: Rubidium Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Rubidium Market: Competitive Structure
Table 7: Global: Rubidium Market: Key Players

Companies Mentioned

  • American Elements
  • ESPI Metals Inc.
  • Ganfeng Lithium Group
  • Inorganic Ventures Inc.
  • Lanhit
  • Lepidico
  • Merck KGaA
  • Otto Chemie Pvt Ltd
  • Sinomine Resource Group Co. Ltd.

Methodology

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